Creating multiple forecasts

Updated on Jul 29, 2016

Within a single LivePlan company, you can create up to ten different forecasts. You can use multiple forecasts to set up the best, average, and worst case scenarios for your company or to explore scenarios for adding staff, increasing marketing spend, opening a new office, etc. You could even create forecasts for several divisions (or locations) of the same business. With up to ten forecasts at your disposal, you can delete an unwanted forecast and start over with a new one, if you need to.

Creating a new forecast #

When you set up a company, it will have one default forecast called Original Forecast. You can see that this is the active forecast when you look at the forecast selection menu, located at the top of the LivePlan app:

createnewforecast.png#asset:1663

You can keep this original forecast as the only one in your company, or you can create up to nine more forecasts.

There are two ways to create a new forecast — by copying an existing forecast within the same company or starting from scratch with a blank forecast.

Copying an existing forecast #

You can create a new forecast using an existing forecast (within the same company) as the starting point. To copy an existing forecast, follow these steps:

  1.  Click on the forecast selection menu, and then click the Create New Forecast button: 
    createnewforecastbutton.png#asset:1664
  2. Choose Copy an existing forecast:
    copyexisting.png#asset:1665

  3. Select the forecast you want to copy:createforecastcopy.png#asset:1666
  4. Finally, name the new forecast:
    namenewforecast.png#asset:1667
  5. Click Save & Close.
  6. The forecast you just created will be selected as the active forecast, and it will appear at the top of the forecast selection menu. It will be used to populate the pitch financials, forecast tables, financial statements, benchmarks, and Scoreboard.
    named-forecast.png#asset:1668
Note: The selected forecast will be used to populate the pitch financials, forecast, benchmarks, and Scoreboard.

Starting from scratch #

If you want to start with a clean slate, you can create a new forecast that is empty. To create a new forecast from scratch, follow these steps:

  1.  Click on the forecast selection menu, and then click the Create New Forecast button: 
    createnewforecastbutton.png#asset:1664
  2. Choose Start from scratch:
    startfromscratch.png#asset:1669
  3. Name the new forecast:
    namenewforecast.png#asset:1667
  4. Click Save & Close. The forecast you just created will be selected as the active forecast, and it will appear at the top of the forecast selection menu. It will be used to populate the pitch financials, forecast tables, financial statements, benchmarks, and Scoreboard. 
    named-forecast.png#asset:1668

Switching the active forecast for a company #

The active forecast for a company is shown at the top of the forecast selection menu. The numbers from the active forecast are used to populate all areas of your LivePlan company (the pitch financials, forecast tables, financial statements, benchmarks, and Scoreboard).

To switch the active forecast, click on the forecast selection menu, and choose a different forecast:
switchforecast.png#asset:1670

Changing the name of a forecast #

  1. Select the forecast from the menu (if it isn't already the active forecast).
  2. Then, choose Edit Details:
    editforecastdetails.png#asset:1671
  3. In the overlay, edit the forecast's name:
    editforecastname.png#asset:1672
    Note: The name can be up to 60 characters long.

  4. Click Save & Close.

Deleting a forecast #

At some point, you may discover that you no longer need one of the forecasts in your company. To delete a forecast, follow these steps:

  1. Select the forecast from the menu (if it isn't already the active forecast):
    select-forecast.png#asset:1673
  2. From the same menu, choose Edit Details:
    editforecastdetails.png#asset:1671
  3. Click the trash can icon in the corner of the overlay:
    deleteforecast.png#asset:1674
  4. Click Confirm:
    confirm-forecast-delete.png#asset:1675
  5. Click Save & Close.
  6. Because you just deleted the selected forecast, an overlay will appear asking you to select another active forecast to work on. Choose the desired forecast, and then click the Go to Forecast button:


    gotoforecast2.png#asset:1676